11.   One of those structural issues is the way Thai banks borrow the money they lend.

12.   Open global capital markets made it possible for Thai banks to borrow tens of billions of dollars from their foreign counterparts.

13.   Several other cash-strapped Thai banks have sold or are seeking to sell majority stakes to foreign investors.

14.   Several other cash-strapped Thai banks have sold or are seeking to sale majority stakes to foreign investors.

15.   Standard Chartered is the third foreign bank to buy a majority stake in a Thai bank.

16.   Thai banks are struggling under a mountain of bad debt caused by a collapse in the speculative property market and the slowest economic growth in a decade.

17.   Thai banks and finance companies that financed the boom now are staggering under tens of billions of dollars of bad loans.

18.   Thai banks are more vulnerable to a slump in the property market than Philippine banks because of their higher loan exposure, he said.

19.   Thai banks are struggling under a mountain of bad debts caused by a collapse of the speculative property market and the slowest economic growth in a decade.

20.   Thai banks had little choice but to pass on their rising costs to customers.